An article of WSJ.com on Thursday highlighted the growing uncertainty that many small business owners face in regard to the back and forth over estate taxes.
While the tax rates are still shaking out for a year starting in 2 weeks, many businesses are left with shifting values. With few businesses having purely liquid assets, the article highlights one owners concern that a thriving business may result in a tax nightmare for his sons. In spite of incremental gifting of ownership, capital investment continually improves the business value. Should growth for this employment engine be penalized?
As the administration and Congress worked to find compromise any of them could live with, owners were left approaching the start of a new fiscal year at the calendar turn with an unclear picture of future liability.
Tell us~ how has the uncertainty over the tax rates effecting businesses you know? Everyone sitting tight? New hires postponed? Ownership shares being held back?
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